VendorNet Inc., a provider of cross-channel fulfillment technology, has announced international footwear designer and retailer Stuart Weitzman will launch VendorNet's StoreNet Ship-from Store software to integrate its store inventory for eCommerce sales and fulfillment to save sales on the Web and in stores.
"The ability to leverage our network of store inventory to augment the online experience provides significant added value to our customers," said Phil Kodroff, Vice President, Distribution and MIS at Stuart Weitzman. "We will minimize out-of stocks, and satisfy customer demand at their desired point-of-purchase, which is a key factor in delivering an enriched experience for today's cross-channel shoppers. The nature of our products implies a relatively high average order size, so out-of-stocks due to imperfect inventory allocations by location can have a significant impact on bottom-line sales. By exposing enterprise-wide inventory online and in all stores, StoreNet will enable us to capture revenue that would have been lost."
Stuart Weitzman's U.S.-based stores will be live with StoreNet in May.
StoreNet's ability to integrate with a retailer's existing retail systems infrastructure allows for rapid deployment. Likewise, a simple store interface minimizes the impact of in-store fulfillment. "We have been considering developing homegrown, StoreNet-like capabilities for some time, but tabled that idea when we discovered VendorNet. Aside from technology considerations, we also examined other business obstacles such as training store personnel. That is not an obstacle with StoreNet. It provides an extremely easy to use, step-by-step process to pick, pack, and ship an order." stated Kodroff.
"We are pleased to partner with Stuart Weitzman to integrate its eCommerce and store channels to expand its connection to its customers," says Sharon Gardner, President at VendorNet. "Stuart Weitzman is known worldwide for its unique and beautiful designs. StoreNet Ship-from Store will increase availability of its alluring products both online and in the store to ensure it captivates its clients wherever they shop."
How It Works
StoreNet routes eCommerce orders to stores when the direct-to-consumer warehouse is out-of-stock. Through StoreNet's order allocation engine, an order is dynamically routed to the best store suited for fulfillment based on business intelligence, such as the sell-through rate at the item level by store, and a variety of other retailer-defined business rules.